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Dubai’s Prypco Mint has closed funding on five tokenized properties in just 30 days, pushing total real-estate investments on the platform past AED 9 million (US $2.45 million). The milestone, confirmed in a press note issued today, comes only six weeks after the company’s debut drop and cements Prypco’s place at the front of the region’s fast-growing fractional-ownership market.
The funding streak began with a Dh 2.4 million Business Bay apartment that reached its goal in 24 hours, attracting 224 investors from more than 40 nationalities. A second listing—valued at Dh 1.5 million—sold out in a record one minute 58 seconds, drawing 149 backers.
Momentum accelerated last week when a Dh 1.75 million Rukan villa filled in under five minutes; the Times of India reported the sell-out as fresh evidence of retail appetite for blockchain-backed rentals.
Two more launches followed on 16 July: an AED 2.45 million unit at Sobha Creek Vistas Grande, funded in ten minutes by 213 investors, and a Liv Residence apartment in Dubai Marina, filled in three minutes by 258 investors. Arabian Business highlighted the pace, noting that listings now average just three minutes to close.
All tokens are minted on Ctrl Alt’s XRP-Ledger and backed by Property Token Ownership Certificates issued by Dubai Land Department, giving holders the same legal standing as traditional deeds. Prypco is licensed by the Virtual Assets Regulatory Authority (VARA) and uses Zand Bank for custodial services.
With two more assets teased for early August, analysts predict the platform could double its funding total before the end of summer, as Dubai targets a Dh 60 billion tokenized-property sector by 2033.
